Car purchase financing?
Hello folks,
I have a general question about buying a car.
I would like to purchase vehicle XY for €20,000 and make a down payment.
Is it possible to trade in your current car and possibly also make a down payment?
Say example:
Trade-in €2000 + down payment €2000 for car financing for e.g. 60 months.
Thanks for your answers
This depends on your negotiating skills vis-à-vis the seller.
16,000,- Euro credit at 60 months duration, then you are at about 290,- Euro monthly rate. Your car must then also have a real purchase value of 2,000,-.
This is certainly possible – but you have to ask the respective dealer.
Clearly, you will return the vehicle where you buy the new one.
The purchase price is reduced by the deposit and payment. you just need a loan of 16,000€
Yes, of course, you have to ask the seller.